Rent to own Homes in Charlottesville, VA
Surrounded by History! Being the birthplace of not one, but two American Presidents, Charlottesville is steeped in history. Thomas Jefferson's Monticello estate is within city limits, and attracts hundreds of thousands every year. James Monroe's Ash-Lawn Highland is only minutes from Monticello, and it is the host to the headline performance of the yearly Ash-Lawn Highland Opera Festival.
Charlottesville, VA is a great place for affordable rent-to-own homes! With a median household income of over $59,598 and a median rent of $1,188, the Charlottesville, VA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Charlottesville, VA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Charlottesville, VA Property Resources
Rent to own Homes in Cities Near Charlottesville, VA
- Aroda
- Banco
- Barboursville
- Blue Ridge Shores
- Bremo Bluff
- Brightwood
- Charlottesville
- Culpeper
- Dyke
- Earlysville
- Etlan
- Fork Union
- Free Union
- Gordonsville
- Gum Spring
- Haywood
- Hollymead
- Hood
- Kents Store
- Keswick
- Lake Monticello
- Leon
- Locust Dale
- Locust Grove
- Louisa
- Madison
- Mineral
- Mitchells
- Oakpark
- Orange
- Palmyra
- Pantops
- Piney Mountain
- Pratts
- Radiant
- Rapidan
- Reva
- Rhoadesville
- Rio
- Rivanna
- Rochelle
- Ruckersville
- Somerset
- Spotsylvania
- Stanardsville
- Syria
- Troy
- Twin Lakes
- Unionville
- University of Virginia
Neighborhoods in Charlottesville, VA
Fountain Court Condominiums rent to own homes Wakefield rent to own homes Wildwood rent to own homes Locust Grove rent to own homes Martha Jefferson rent to own homes Brookmill rent to own homes Greenbrier Heights rent to own homes Queen Charlotte rent to own homes Barracks Road rent to own homes Greenbrier rent to own homesMedian Home Price in Charlottesville, VA
Median Rent in Charlottesville, VA
Top 9 Reasons to Live in Charlottesville
Great deals can be found! Don't be scared by the average house price of $282,000, as that is skewed by a number of extremely high priced units. You can find great deals on starter homes or rent to own homes in neighborhoods like Belmont and Rose Hill.
The Downtown heartbeat! Home to the Downtown Mall, one of the largest pedestrian malls in the United States, the downtown area of Charlottesville is truly the center of it all for the town. Whether looking through the eclectic selection of goods at Low Vintage or taking in acting classes at Live Arts, there's something for pretty much anyone.
Clean mountain air! Take a drive to the Shenandoah National Park and the nationally renowned Skyline Drive for beautiful scenery and pure air. If you don't want to go that far, you can still enjoy the green space around town, with parks such as Pen Park and Riverview Park offering exercise spaces and room for relaxation.
Perfectly suited for renters! The suitability of the city for folks looking to rent to own houses or simply rent a home can be seen in the amount of renter-occupied buildings almost 59% of the homes in Charlottesville are renter occupied, with the Tenth and Page and Fifeville neighborhoods being particularly welcoming to renters. Average rent isn't too shabby either, coming in at $850 per month or so.
Good Food! With unique international flavors such as South African at Shebeen Pub and Braai and Middle Eastern flavors at Ariana Grill Kebob House, you can get tastes of the world without having to travel far. If you're looking for something a bit less exotic, the Ivy Inn serves up American cuisine inspired by what's in season at the time. Be sure to snag your rent to own property around these great eateries!
A host of performance art! With multiple venues ranging from nTelos Wireless Pavilion to the historic Paramount Theater, Charlottesville supports performing artists and always has plays, concerts and musical on tap somewhere in town.
Top notch public transportation! Local bus transportation is available through Charlottesville Area Transit, and the city also has a Greyhound terminal and an Amtrak station, with local and national trips passing through. If you need to get out of the area even faster, the Charlottesville-Albemarle Airport offers local flights, and connects with international airports.
Best craft beer town in Virginia! With South Street Brewery, Champion Brewing Company and Three Notch'd Brewing Company all within city limits, and Starr Hill just outside, Charlottesville is the premier craft beer town in Virginia. The 9.85% vacancy rate gives you just enough room to squeeze in and grab a beer.